In the early 2000s, economists and statisticians from the institutions that are part of the CEROM project realized that important and high-quality statistical information on Overseas Territories existed, but that it was relatively unknown and under-exploited.

The first priority of the partnership has been to produce rapid economic accounts. The economic accounts of year n are now available in the second half of year n+1, while, before, they were only available in year n+3. Having this information earlier facilitates the analysis and economic management of the territories concerned. 

The CEROM partnership aims to improve the economic information and macroeconomic analysis capacity of the French Overseas Territories, notably through:

• The construction of economic models adapted to these territories, allowing the production of rapid accounts on the basis of existing economic accounting;
• The development of cyclical indicators giving a quick overview of economic developments;
• The promotion of economic analysis of overseas collectivities and territories, by exploiting untapped data and in order to make this analysis accessible to the greatest number (production of macroeconomic balance sheets, short-term or thematic studies);
• The construction of a peers network to exchange good practices and compare methods;
• Strengthening the quality of the economic information system by bringing together statisticians, economists and users of economic data.

This partnership has also made it possible to measure for the first time the GDP of certain overseas collectivities and to produce a fine analysis of the corporate fabrics of several territories.

The CEROM partnership derives from a framework agreement renewed since 2005 between the partner institutions. This agreement sets out the objectives and modalities for implementing the partnership.

The partnership is managed by partner institutions at headquarters level, and is represented locally through their offices in seven overseas territories: the five overseas departments, French Polynesia and New Caledonia. The partnership also covers other overseas communities: Wallis and Futuna, Saint-Pierre and Miquelon, Saint-Martin and Saint-Barthélemy.

The scope of the CEROM partnership is the production of economic information and databases enabling the monitoring of overseas economies, analysis and perspective of existing macroeconomic information.

Partner institutions produce economic statistics and analyses to inform public policies. The evaluation of public policies or projects, the development of programmes and development strategies have so far been beyond the scope of CEROM’s work.

Partner institutions of CEROM work together on:

• The production and publication of economic studies (macroeconomic reports, sectoral studies, etc.);
• The construction of rapid economic accounts;
• The development of cyclical dashboards.

Publications from the partnership can be found on the CEROM website (in French).

In addition, every two to three years, AFD organizes with its partners a conference devoted to socio-economic or environmental issues in Oversees France. The seventh edition of these conferences was held on October 13, 2022, and dedicated to the following theme: Overseas Territories in transitions, challenges and visions of the future.

Confirming the initial diagnosis that motivated its launch, the CEROM partnership shows that important statistical socio-economic information exists in the Overseas Territories, but that it was and still remains insufficiently mobilized, especially in academic circles. The use of available statistical data sources has enabled many studies to be produced over the last twenty years. However, this work presupposes taking into account the specificities and sometimes the limits of the different data sources, whether they come from INSEE, the departmental statistical services or the monetary issuing institutes. 

Contacts: 

• Bertrand Savoye, research officer, AFD
• Stéphanie Margot, Head of the Strategy and Transversal Support Unit, Three Oceans Department, AFD